Insurance Industry Establishes Guiding Principles for Information Security

KNOW BETTER NEW YORK CONNECTIONS

NEWS & MORE ▸   NYIA News  |  Media Inquiries |  Impact of Insurance  |  Resources

Insurance Industry Establishes Guiding Principles for Information Security

FOR IMMEDIATE RELEASE

INSURANCE INDUSTRY ESTABLISHES GUIDING PRINCIPLES FOR INFORMATION SECURITY

ALBANY, N.Y., Sept. 12, 2016—The insurance industry is intensifying its efforts related to information security and has established guiding principles to protect retained policyholder data. The Independent Insurance Agents and Brokers of New York (IIABNY), New York Insurance Association (NYIA) and Professional Insurance Agents of New York (PIANY) released Guiding Principles to Advance Information Security in New York with the facilitation of the Center for Internet Security (CIS).

The principles are designed to provide a general road map for agents and companies and are the outcome of a roundtable discussion of representatives from the agent and carrier communities. The goal of the principles is to create a strong working relationship within the insurance industry to ensure agencies, companies and policyholders are better protected.

“The insurance industry remains intently focused on information security,” NYIA President Ellen Melchionni said. “Collaboration is essential to most effectively address the challenges presented by this ever evolving issue. NYIA members have been proactive on security issues and are committed to seeking new ways to shield our businesses and policyholders from threats.”

“Information security threats grow more severe every day,” Richard Poppa, IIABNY president and CEO said. “Independent insurance agencies and brokerages are committed to helping their clients protect themselves and to protecting client and employee information they possess. We are pleased to work with our peer associations on such an important challenge. These guiding principles will help insurers and producers strengthen their defenses against cyber threats.”

“As professionals, our members have exceptional access and responsibilities with regard to our clients’ information. Our industry, therefore, is in a vanguard position with regard to cyber security,” PIANY Executive Director Kelly Norris said. “As their association(s), it is imperative that we provide information and guidance to help agents and companies guard the information with which they are entrusted. PIA is committed to this goal, and to helping every professional, independent insurance agency to ensure its own information and privacy is secure.”

“The insurance industry’s concerted efforts to address information security are commendable,” Steven Spano, CIS president and COO said. “Coordination is critical to effectively prepare for and respond to potential breaches.”

The New York Insurance Association, Inc. (NYIA®) is a state trade association that has represented the property and casualty insurance industry for more than 130 years.

The Independent Insurance Agents and Brokers of New York (IIABNY) has represented the common business interests of independent insurance professionals across the Empire State since 1882.

Headquartered in Glenmont, N.Y., the Professional Insurance Agents of New York (PIANY) is a trade association comprised of 80 experts and representing professional, independent insurance agencies, brokerages and their employees throughout the state.

The Center for Internet Security (CIS) is a 501(c)(3) organization dedicated to enhancing the cybersecurity readiness and response among public and private sector entities.

– 0 –

Contact:

Cassandra Anderson, NYIA                                                                              

(518) 432-4227 or (518) 312-3315

Mary E. Christiano, PIANY

(800) 424-4244, ext. 236 or (518) 588-8424

Tim Dodge, IIABNY       

(315) 432-4229

 

View this release as a PDF.

NYISF Selects Steinhoff as 2016-2017 Recipient

KNOW BETTER NEW YORK CONNECTIONS

NEWS & MORE ▸   NYIA News  |  Media Inquiries |  Impact of Insurance  |  Resources

NYISF Selects Steinhoff as 2016-2017 Recipient

FOR IMMEDIATE RELEASE

NEW YORK INSURANCE SCHOLARSHIP FOUNDATION SELECTS STEINHOFF AS 2016–2017 RECIPIENT

ALBANY, N.Y., July 18, 2016—The New York Insurance Scholarship Foundation, Inc. (NYISF) awarded its 2016–2017 scholarship to Jeffrey Steinhoff, a junior at the State University of New York at Oswego studying risk management and insurance from Cortland, N.Y.

“The New York Insurance Scholarship Foundation is pleased to award this year’s scholarship to Jeffrey,” Ellen Melchionni, president of NYISF said. “His commitment to both his academic studies and his pursuit of a career in insurance is impressive. It is clear that Jeffrey has a bright future in the insurance profession.”

NYISF was founded to encourage scholastic achievement, community involvement and a commitment to advancing the insurance industry. “Jeffrey embodies all of these qualities,” Melchionni said. “He carries a commendable grade point average, is devoted to giving back to the community, including as a member of the Cortlandville Volunteer Fire Department, and is keenly interested in furthering the contributions of insurance to society.”

The development of future leaders is essential to ensure the viability of the insurance and risk management industry. NYISF addresses the great need to attract young professionals. “Insurance and the needs of consumers grow increasingly more complex,” Melchionni said. “The cultivation of new talented leaders is critical to the future of the industry.”

The New York Insurance Scholarship Foundation, Inc. (NYISF) is a public charity initiated by the property and casualty insurance industry that supports students studying the business of insurance in New York. The foundation is affiliated with the New York Insurance Association, Inc.

Contact: Cassandra Anderson
(518) 432-4227 or (518) 312-3315

Melchionni Honored by New York Insurance Association

KNOW BETTER NEW YORK CONNECTIONS

NEWS & MORE ▸   NYIA News  |  Media Inquiries |  Impact of Insurance  |  Resources

Melchionni Honored by New York Insurance Association

FOR IMMEDIATE RELEASE

MELCHIONNI HONORED BY NEW YORK INSURANCE ASSOCIATION

VERONA, N.Y., June 9, 2016—The New York Insurance Association, Inc. (NYIA) honored William P. Melchionni III with the Chair’s Distinguished Service Award at the association’s annual conference on June 2 in Verona, N.Y. Melchionni is Deputy Head, U.S. Federal and State Government Affairs for American International Group, Inc. (AIG).

“Bill volunteers countless hours to NYIA as well as many other overarching insurance industry efforts,” Steven Coffey, NYIA chair and president and chief executive officer of Broome Co-operative Insurance Company said. “He is always looking for ways to improve the image of our industry and strives to make the insurance community a better place.”

Melchionni is responsible for managing the government relations activities in the 26-state Eastern United States region on behalf of AIG and its operating companies including AIG Property Casualty, AIG Life and Retirement and United Guaranty.

Melchionni serves as chair of NYIA’s Legislative and Regulatory Committee and has previously served on the NYIA Board of Directors. He has served on a variety of committees during his nearly 20 years of involvement with the association. He has also served as an Albany County Legislator. Melchionni is a graduate of Williams College with a degree in history.

American International Group, Inc. has faced and managed complex risks for nearly 100 years, providing risk expertise and financial strength that empowers 90 million clients in more than 100 countries.

The New York Insurance Association, Inc. (NYIA®) is a state trade association that has represented the property and casualty insurance industry for more than 130 years.

A headshot of Melchionni and a photo from the event are both available.

Contact: Cassandra Anderson
(518) 432-4227 or (518) 312-3315

NYIA 2016 Annual Conference

KNOW BETTER NEW YORK CONNECTIONS

NEWS & MORE ▸   NYIA News  |  Media Inquiries |  Impact of Insurance  |  Resources

NYIA 2016 Annual Conference

FOR IMMEDIATE RELEASE

NEW YORK INSURANCE ASSOCIATION 2016 ANNUAL CONFERENCE
New York Financial Services Acting Superintendent Vullo to Deliver Keynote Address

Verona, N.Y., May 18, 2016—The New York Insurance Association, Inc. (NYIA) is holding its 2016 Annual Conference to educate insurance company executives on topics of importance to the property and casualty insurance industry. Acting Financial Services Superintendent Maria Vullo will deliver the keynote address.

WHAT | 2016 Annual Conference
The agenda includes these additional sessions:

  • Building Trust in Organizations
  • Top of Mind: New York state of insurance
  • Keynote Address from Acting Superintendent Maria Vullo
  • Taking Flight: The highs and lows of drone technology
  • Town Hall Meeting with Legislators
  • Keeping Up with the Chameleon: Adapting to the changing colors of social media
  • Small Company Roundtable

WHEN | Wednesday, June 1–Friday, June 3, 2016
WHO | Speakers include:

  • Dr. Robert Hurley, director, Consortium For Trustworthy Organizations
  • Steven Coffey, president and CEO, Broome Co-operative Insurance Company
  • Edward Amsler, president and CEO, Donald J. Fager & Associates, a wholly-owned subsidiary of Medical Liability Mutual Insurance Company
  • Elizabeth Heck, president and CEO, Greater New York Mutual Insurance Company
  • Norman Orlowski, president and CEO, Erie and Niagara Insurance Association
  • Robert Wong, president and CEO, Associated Mutual Insurance Cooperative
  • Maria Vullo, acting superintendent, New York Department of Financial Services
  • Jay Jablonski, vice president, HSB Professional Loss Control
  • William Melchionni, deputy head, U.S. federal and state government affairs, American International Group, Inc.
  • Sen. James Seward, insurance committee chair, New York State Senate
  • Sen. Neil Breslin, insurance committee ranking member, New York State Senate
  • Assemblyman Kevin Cahill, assembly insurance committee chair, New York State Assembly
  • Assemblyman William Barclay, insurance committee ranking member, New York State Assembly
  • Assemblyman Anthony Brindisi, subcommittee on volunteer emergency services chair, New York State Assembly
  • Roy Mura, managing member, Mura & Storm, PLLC
  • Matthew Benedict, president, Midstate Mutual Insurance Company

WHERE | Turning Stone Resort, 5218 Patrick Road, Verona, NY 13478

Additional information is available at www.nyia.org/events. Contact Cassandra Anderson at (518) 432-4227, (518) 312-3315 or canderson@nyia.org with questions or to attend the event.

Bill to Cut Civil Litigation Interest Rates

KNOW BETTER NEW YORK CONNECTIONS

NEWS & MORE ▸   NYIA News  |  Media Inquiries |  Impact of Insurance  |  Resources

Bill to Cut Civil Litigation Interest Rates

NYIA calls on state to change unreasonable 9% interest rate on lawsuit awards.
Read Article

New York Among States With Highest Rate of Motorcycle Theft

KNOW BETTER NEW YORK CONNECTIONS

NEWS & MORE ▸   NYIA News  |  Media Inquiries |  Impact of Insurance  |  Resources

New York Among States With Highest Rate of Motorcycle Theft

Insurance Journal quotes NYIA about the recent rise in motorcycle thefts in New York.

Read Article